Business News

Indian shares shrug off mixed Asia; Nestle falls as Maggi fails lab test

Indian stocks rose on Wednesday on the back of fresh gains in blue-chips like Reliance Industries, ITC and Infosys.

Nov 29, 2017

By Aastha Agnihotri

Singapore researchers develop world's first healthy wine from tofu whey

A research team from the National University of Singapore (NUS) has successfully turned tofu whey into a tasty alcoholic beverage.

Nov 29, 2017

By Aastha Agnihotri

NUS

Noble Group shares surge 13% amidst huge volume

Shares in the embattled commodities trader Noble Group jumped as much as 13 percent to S$0.17 on the Singapore Exchange on Wednesday.

Nov 29, 2017

By Aastha Agnihotri

Singapore stocks subdued tracking mixed Asia; Noble jumps 8%

Singapore stocks were little changed on Wednesday, tracking mixed Asian shares amidst caution over the latest missile test by North Korea and concerns at recent softness in Chinese shares.

Nov 29, 2017

By Aastha Agnihotri

North Korea tests another missile, but why are investors unruffled?

North Korea test fired another missile, the latest among dozens of ballistic missile tests under its leader, Kim Jong Un, in defiance of international sanctions.

Nov 29, 2017

By Aastha Agnihotri

CapitaLand Retail closes placement of new shares at top-end of range; raises S$103.8 mln

CapitaLand Retail China Trust (CRCT), the first China shopping mall REIT in Singapore, on Wednesday said it has priced an upsized S$103.8 million overnight placement at the top end of the price range at S$1.612 per unit.

Nov 29, 2017

By Aastha Agnihotri

Centurion to begin trading on HK Exchange from Dec 12, to retain SGX listing

Centurion, which owns and operates workers and student accommodation assets, on Wednesday said it will offer 36 million shares in a secondary Hong Kong listing.

Nov 29, 2017

By Aastha Agnihotri

Yoma Strategic to build Yoma Central, The Peninsula Yangon for US$400 mln

The Myanmar-based conglomerate Yoma Strategic Holdings on Wednesday said it signed an agreement with two construction companies to build Yoma Central and The Peninsula Yangon for over US$400 million.

Nov 29, 2017

By Aastha Agnihotri

'Noble will continue to be strangled by the lack of financing', says Iceberg in an open letter

Anonymous researcher Iceberg Research made a fresh attack on embattled commodities trader Noble Group, saying that the company's bid to restructure its obligations won't lead to a turnaround.

Nov 29, 2017

By Aastha Agnihotri

Noble to sell four vessels for US$95 mln to reduce debt; shares climb 8%

Embattled commodities trader Noble Group on Wednesday said it would sell four of its Kamsarmax dry bulk carrier vessels for US$95 million, as part of its debt reduction plans.

Nov 29, 2017

By Aastha Agnihotri

Indian shares snap 8-day rally; RCom falls 4%

Indian stocks fell on Tuesday, snapping an 8-day winning streak amidst weakness in the Chinese markets.

Nov 28, 2017

By Aastha Agnihotri

CapitaLand JV buys Rock Square mall in Guangzhou for S$688.9 mln

CapitaLand and CapitaLand Retail China Trust (CRCT) on Tuesday said they jointly acquired a shopping mall, known as Rock Square in Haizhu District in Guangzhou for about S$688.9 million.

Nov 28, 2017

By Aastha Agnihotri

Ipco International warns on first-half profit as forex woes weigh

Ipco International, which operates as a developer and turnkey contractor, on Tuesday said it expects a net loss in the first-half on account of foreign exchange translations relating to its units.

Nov 28, 2017

By Aastha Agnihotri

Eurosports Global to sell Lamborghini cars, accessories in Jakarta

Singapore-based Eurosports Global, the sole authorised Lamborghini dealer in Singapore, on Tuesday said its joint venture company, Prosper Auto entered into a dealership agreement with Italian sports car maker.

Nov 28, 2017

By Aastha Agnihotri

SGX shrugs off Asia weakness; Geo Energy jumps after block deal

Singapore stocks edged higher on Tuesday, led by lenders such as OCBC Bank and United Overseas Bank but sentiment remained subdued amidst weakness in the Chinese markets.

Nov 28, 2017

By Aastha Agnihotri

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